Litecoin, Bitcoin Income Are Newest Crypto Additions to Robinhood Investing Application


U.S.-dependent cellular stock buying and selling app Robinhood has extra two new cryptocurrencies to its no-rate buying and selling service.

The company explained in an announcement on Thursday that litecoin and bitcoin dollars have been extra for Robinhood Crypto customers adhering to strong need from shoppers for crypto assets beyond the existing options of bitcoin and ethereum.

As component of the announcement, Robinhood also claimed it now has over 5 million customers on the system adhering to expansion of its crypto buying and selling service to 17 U.S. states.

The news follows a report in May possibly that Robinhood raised $363 million in a Sequence D funding spherical, which the company explained would permit it to present additional crypto buying and selling pairs in additional marketplaces in the U.S.

At the time, Robinhood Crypto was out there in 10 states. Because then, crypto buying and selling has been opened up across Utah, Virginia, Pennsylvania, Arizona, Indiana, New Jersey and Texas.

The company’s co-founder and co-CEO Baiju Bhatt beforehand explained he expects Robinhood Crypto to be in a position to address the overall U.S. by the finish of 2018 as component of a plan to turn into one particular of the major cryptocurrency platforms.

As beforehand claimed by CoinDesk, Robinhood launched the crypto buying and selling service in February, supplying bitcoin and ethereum buying and selling pairs in five states.

Robinhood graphic by using Shutterstock

The chief in blockchain news, CoinDesk is a media outlet that strives for the greatest journalistic requirements and abides by a stringent set of editorial policies. CoinDesk is an unbiased operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

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